Jump to content
House Price Crash Forum
Sign in to follow this  
ralphmalph

Uk Exports Surge In Jan - Employment Prospects Very Strong

Recommended Posts

https://mm.jpmorgan.com/stp/t/c.do?i=59FA2-18&u=a_p*d_560121.html*h_-pj17pc2

or

http://******/hZiPXe

Well Georgie Boy may not be the sharpest tool in the shed but he may just be a lucky chancellor, which is just as useful for us.

It will be interesting to see the detail when it comes out to see what is causing the increase in exports and what is causing the decrease in imports. Has production move back to the UK in response to the high oil price.

Share this post


Link to post
Share on other sites

Hmmmm. I didn't see that in the Guardian.

It's made the Grauniad but not the Torygraph so far.

It is an entirely expected ( :o ) bounce from the dire December trade figures.

"After hitting a record high in December due to the weather-related disruption to activity, it's no surprise that the trade gap narrowed in January," said Hetal Mehta of Daiwa Capital Markets. "Nevertheless, the marked improvement in the trade gap is good news for the rebalancing story, particularly with exports of goods picking up strongly which tallies with the strong performance of the manufacturing sector. If this trend continues, it is likely that net trade will make a positive contribution to GDP growth."

Howard Archer of IHS Global Insight concurred, saying trade could make a "decent positive contribution" to growth between January and March. In the fourth quarter and 2010 as a whole, trade dragged down the overall economy.

However, some economists were sceptical that the improvement would last. Vicky Redwood of Capital Economics said: "Survey measures of export orders have continued to strengthen. But the underlying trend in imports remains just as strong. Overall, then, we continue to doubt that net trade will be able to compensate for the intensifying fiscal squeeze."

Share this post


Link to post
Share on other sites

https://mm.jpmorgan.com/stp/t/c.do?i=59FA2-18&u=a_p*d_560121.html*h_-pj17pc2

or

http://******/hZiPXe

Well Georgie Boy may not be the sharpest tool in the shed but he may just be a lucky chancellor, which is just as useful for us.

It will be interesting to see the detail when it comes out to see what is causing the increase in exports and what is causing the decrease in imports. Has production move back to the UK in response to the high oil price.

Wow - this month's figures are lower than last month's which was an ALL TIME HIGH.

That really is just the most amazing news! There's now 'only' a 7.1 billion pounds monthly trade deficit (this is a couple of years after the debasement of Sterling which was supposed to bring the deficit back in line). The good times are truly rolling <_<

Share this post


Link to post
Share on other sites

Wow - this month's figures are lower than last month's which was an ALL TIME HIGH.

That really is just the most amazing news! There's now 'only' a 7.1 billion pounds monthly trade deficit (this is a couple of years after the debasement of Sterling which was supposed to bring the deficit back in line). The good times are truly rolling <_<

Exactly. Read in-between the lines (or should that be lies) and you will see the true picture.

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/Sterling-rises-euro-upward-reuters_molt-1841017538.html?x=0

LONDON (Reuters) - Sterling inched up against the euro on Wednesday after the single currency lost momentum following a failed attempt to hit the year's high, leaving it vulnerable to more near-term selling.
The pound also rose against the dollar after
stronger-than-expected UK trade data
kept the UK currency above trendline support..../

Sterling rises on "news", good or bad. Its our resilient housing market and invisible £7.9TR debt.

Share this post


Link to post
Share on other sites

http://uk.finance.yahoo.com/news/Reuters-Poll-UK-economic-reuters_molt-4156981649.html?x=0

Reuters Poll - UK economic growth to ease back after Q1 spurt
Jonathan Cable, 17:14, Wednesday 9 March 2011
LONDON (
Reuters
) - The British economy's prospects dimmed a little in the past month while inflation forecasts inched up, according to a Reuters poll confirming economists' projections for unchanged interest rates until the third quarter.
Wednesday's poll of over 40 economists, taken in the past few days, saw them snipping their growth forecasts for this year with medians predicting the economy would expand 1.6 percent compared with a 1.7 percent forecast in a February poll.
"We continue to expect distinctly subdued growth given the balance sheet constraints facing households and the public sector deficit reduction strategy," said Ross Walker at RBS (LSE: RBS.L - news) .

Too much optimism about IMO.

Share this post


Link to post
Share on other sites

http://www.telegraph.co.uk/finance/economics/8371163/UK-trade-deficit-narrows-in-January.html

The improvement will provide some relief to policymakers who have pinned their hopes of economic recovery on Britain exporting more at a time of weak domestic demand.

Britain's goods trade deficit narrowed to £7.06bn in January from £9.69bn in December which was the worst reading since monthly records began in 1980, the Office for National Statistics (ONS) said. Economists had forecast a more modest fall to £8.5bn.

December's deficit was revised higher, a move the statistics office attributed to a reassessment of seasonal factors and revised data from the tax authority and other agencies.

.....

The improvement was largely due to a pick-up in export volumes, which rose 6.1pc on the month, excluding oil and erratic items. Import volumes on this measure rose 1.9pc.

There were record levels of exports in oil, intermediate goods, and the "food, drink and tobacco" category.

The oil balance swung to a surplus of £118m from a deficit of £727m in December, aided by record exports of £3.56m.

January's figures showed an "improvement" but Decembers figures where actually worse... Anyone think January's figures will get revised downwards?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 311 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.